EverBank Offers Sexy Products, Maintains Low Risk

EverBank (EVER) offers some super-sexy products you can't find elsewhere without exposing the client — or the bank — to higher risk.

EverBank, a May IPO based in Jacksonville, Fla., operates through 17 branches in the Sunshine State, as well as online and by phone. It offers the usual line of banking services. Beyond these, EverBank provides some products that are attention-grabbing.

For one, the bank offers a menu of foreign-currency deposits. The investor wins some extra yield (although global returns are falling fast) and some protection in case the greenback takes a hit.

Best of all, EverBank's foreign-currency deposits are covered by the Federal Deposit Insurance Corp. That's a rare benefit for this sort of product.

EverBank also has offered a range of " market-safe CDs." These FDIC-insured deposits, which appear infrequently, would be tied to an asset class such as gold stocks or even Japanese real-estate. The depositor is guaranteed the principle, and can participate if the asset rises.

EPS fell 5% in last year's Q1, but have since climbed 67% and 48%. Look for a 32% gain when Q4 is reported, Jan. 28.

EverBank (EVER) offers some super-sexy products you can't find elsewhere without exposing the client — or the bank — to higher risk.

EverBank, a May IPO based in Jacksonville, Fla., operates through 17 branches in the Sunshine State, as well as online and by phone. It offers the usual line of banking services. Beyond these, EverBank provides some products that are attention-grabbing.

For one, the bank offers a menu of foreign-currency deposits. The investor wins some extra yield (although global returns are falling fast) and some protection in case the greenback takes a hit.

Best of all, EverBank's foreign-currency deposits are covered by the Federal Deposit Insurance Corp. That's a rare benefit for this sort of product.

EverBank also has offered a range of " market-safe CDs." These FDIC-insured deposits, which appear infrequently, would be tied to an asset class such as gold stocks or even Japanese real-estate. The depositor is guaranteed the principle, and can participate if the asset rises.

EPS fell 5% in last year's Q1, but have since climbed 67% and 48%. Look for a 32% gain when Q4 is reported, Jan. 28.

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04/25/2013 06:45 PM ET

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